ACNB Corporation (NASDAQ:ACNB) EVP Tom N. Rasmussen acquired 2,025 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was purchased at an average price of $26.88 per share, for a total transaction of $54,432.00. Following the completion of the acquisition, the executive vice president now owns 10,311 shares in the company, valued at approximately $277,159.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
ACNB Corporation (NASDAQ:ACNB) traded up 0.37% during midday trading on Tuesday, reaching $27.20. The company had a trading volume of 4,157 shares. The firm’s 50 day moving average is $27.23 and its 200 day moving average is $29.10. The stock has a market capitalization of $190.81 million, a PE ratio of 15.41 and a beta of 0.24. ACNB Corporation has a 1-year low of $24.45 and a 1-year high of $32.85.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.95%. ACNB Corporation’s payout ratio is currently 45.20%.
Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its position in ACNB Corporation by 41.2% during the second quarter. Royal Bank of Canada now owns 3,997 shares of the bank’s stock worth $122,000 after buying an additional 1,166 shares during the period. Rhumbline Advisers acquired a new position in ACNB Corporation during the second quarter worth about $202,000. Wells Fargo & Company MN grew its position in ACNB Corporation by 29.2% during the second quarter. Wells Fargo & Company MN now owns 7,949 shares of the bank’s stock worth $243,000 after buying an additional 1,796 shares during the period. Teachers Advisors LLC grew its position in ACNB Corporation by 6.7% during the second quarter. Teachers Advisors LLC now owns 10,326 shares of the bank’s stock worth $315,000 after buying an additional 652 shares during the period. Finally, Private Advisor Group LLC acquired a new position in ACNB Corporation during the second quarter worth about $333,000. Institutional investors own 17.49% of the company’s stock.
ACNB Corporation Company Profile
ACNB Corporation is a financial holding company. The Company’s banking operations are conducted through its operating subsidiary, ACNB Bank (the Bank), and offers a range of property and casualty, life and health insurance to both commercial and individual clients through its subsidiary, Russell Insurance Group, Inc (RIG).
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